AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
As of June 20, 2017, Airborne Wireless Network, a Nevada
corporation (the Company), and Thinking Different Technologies
(TDT), a Dutch engineering development company, entered into and
executed a written Software Development Agreement (the
Development Agreement). to the Development Agreement, TDT shall
develop, deliver, help integrate, support and maintain custom
software for use by the Company in connection with the Companys
development of its Infinitus information super highway.
As compensation for these services to be provided by TDT to the
Company to the Development Agreement, the Company has agreed to
pay TDT a development fee which shall not exceed $1,000,000.
The foregoing information regarding the Development Agreement
does not purport to be complete and is qualified in its entirety
by reference to the Development Agreement, a copy of which is
attached hereto as Exhibit 10.1 and is incorporated here by this
reference.
ITEM 7.01 REGULATION FD
On June 20, 2017, the Company issued a press release announcing
the Development Agreement.
A copy of that press release is attached to this Current Report
as Exhibit 99.1. In accordance with General Instruction B.2 of
the Form 8-K, the information set forth in this ITEM 7.01 and in
that press release is deemed to be furnished and shall not be
deemed to be filed for purposes of the Securities Exchange Act of
1934, as amended (the Exchange Act) and shall not be incorporated
by reference into any registration statement or other document
filed under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in such filing. The information set forth this ITEM
7.01 shall not be deemed an admission as to the materiality of
any information in this Current Report that is required to be
disclosed solely to satisfy the requirements of Regulation FD.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
|
(d) |
Number |
Exhibits |
| 10.1 |
Software Development Agreement between Airborne Wireless Network and Thinking Differently Technologies. |
|
| 99.1 |
Press Release dated June 20, 2017, announcing the Software Development Agreement between Airborne Wireless Network and Thinking Differently Technologies. |
AIRBORNE WIRELESS NETWORK ExhibitEX-10.1 2 atlw_ex101.htm SOFTWARE DEVELOPMENT AGREEMENT atlw_ex101.htmEXHIBIT 10.1 Software Development Agreement between Airborne Wireless Network and Thinking Differently Technologies. THINKING DIFFERENT TECHNOLOGIES B.V. (TDT) AND AIRBORNE WIRELESS NETWORK (ABWN) SOFTWARE DEVELOPMENT AGREEMENT 1 CONTENTS Clause Page 1. DEFINITIONS 3 2. DEVELOPMENT SERVICES TO BE PROVIDED BY TDT 5 3. IMPLEMENTATION AND ACCEPTANCE OF DESIGN SPECIFICATIONS AND CUSTOM SOFTWARE 5 4 PROJECT MANAGEMENT; DELIVERY 6 5. PERFORMANCE 7 6. ACCEPTANCE TESTING 8 7. BETA TESTING 8 8. PRICE AND PAYMENT 9 9. WARRANTIES AND REPRESENTATIONS 10 10. CONFIDENTIALITY 12 11. OWNERSHIP RIGHTS 14 12. INDEMNITY 14 13. GENERAL INDEMNITY AND LIABILITY 16 14. TERM AND TERMINATION 16 15. DISPUTE RESOLUTION 17 16. FORCE MAJEURE 18 17. NON-SOLICITATION 18 18. MISCELLANEOUS 19 SCHEDULE 1 DELIVERY ORDER # __________ 22 SCHEDULE 2 CHANGE ORDER PROCEDURE 26 2 THIS SOFTWARE DEVELOPMENT AGREEMENT is made effective as of _________________,…To view the full exhibit click here About AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN)
Airborne Wireless Network, formerly Ample-Tee, Inc., is a development-stage company. The Company is developing a meshed network. The Company is seeking opportunities for the acquisition of assets. For its wholesale carrier network, the Company intends to use commercial aircraft as mini-satellites. The Company’s wholesale carrier network would be the airborne broadband pipeline, providing connectivity for broadband carrier services using commercial aircraft. As of May 31, 2016, the Company had no operations and had not earned any revenues.